From budget laws to five-year development plans, the country’s policymaking system has relied on legal instruments as if the ...

It is such a pleasure to participate in the ECB Forum on Central Banking and discuss the paper by Evi Papa on Fiscal Rules and Macroeconomic Stabilization in the Euro Area. The paper reviews relevant ...

It is no secret that we have been fighting inflation that reached a 40-year high and the Federal Reserve Bank has embarked on a historic interest rate increase to combat inflation. Not only have they ...

Journal of Post Keynesian Economics, Vol. 32, No. 3 (SPRING 2010), pp. 327-346 (20 pages) This paper examines the implications of the experience with the financial crisis of August 2007 for fiscal ...

China is expected to adopt more supportive monetary and fiscal policies to bolster its slowing economy, Huang Yiping, an ...

How can governments support relief, recovery and growth, without incurring unsustainable debt? What specific challenges do countries in East Asia and the Pacific face? Discover it in this seminar on ...

This course discusses macroeconomic policy issues and challenges faced by RRCs. The course provides participants with an understanding of: the macroeconomics of growth and diversification, fiscal ...

The BBVA Foundation recognized Olivier Blanchard, Jordi Galí, and Michael Woodford for “profoundly influencing modern macroeconomic analysis by establishing rigorous foundations for the study of ...

SIX MONTHS ago, as President Donald Trump announced a trade war of unprecedented aggression, businesses and investors braced ...

The recent threat by Indiana GOP Congresswoman Victoria Spartz to resign her seat if Congress does not establish an independent “debt commission,” and what it implies, is as welcome as cool fall air.

Japan's new Prime Minister Sanae Takaichi is preparing an economic stimulus package that is likely to exceed last year's $92 ...

NOWADAYS THE Bank of England, like most rich-country central banks, has two main functions: maintaining monetary stability and ensuring the soundness of the financial system. For most of its life, ...